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Thursday, 27 June 2013

DVAT – Form T 2 form when to fill, what to do?

DVAT – Form T 2 form when to fill, what
to do?

The Trade and Taxes Department Delhi has issued a notification
dtd. 17/05/2013 clarifying the requirements with regard to Form - T2
applicable to Purchasers/ Importers/ Dealers who are receiving goods from
outside Delhi.

Applicable to Whom

Dealers having GTO

more than or equal to

Rs. 10 crores in the FY 2011-12.

Exemption

Dealers
dealing exclusively in Tax Free Goods need not file T2.

What if the turnover was not 10 crore in 2011-12 but exceeds limit
in any subsequent year?

T-2
shall become applicable from such subsequent year in which T/o exceeds
Threshold limit.

What if Turnover is 10 crores
or more in one FY for example 2011-12

And then in subsequent FYs
T/o is below 10 Crores what is the liability regarding T-2?

Once the dealer becomes liable he shall have to file T-2 for all
times to come.

Even if T/o in subsequent FY is below 10 Crores. (Explanation to
notification)

What to file in Form T-2

Details of invoices and G R No.,

Details of Goods which are required to enter the state of Delhi for
any reason i.e Purchase, stock transfer, consignment, branch transfer.

When to file form T-2

The form is to be filed online by the purchaser/ receiver of goods

before the goods enter the boundary of Delhi.

What if I don’t have the Vehicle number right now?

Fill form w/o vehicle number

Then revise within 48 hours of the goods entering Delhi and provide
vehicle number.

But till that time you can’t

Dispose off/Sell/Dispatch
these goods.

In case the goods are imported from NCR

and Goods vehicle is owned by supplier

Where in such case carrying a GR is not possible

Fill Form DVAT-32 and carry a copy of the same with the vehicle.

AND In such a case the vehicle number should be reported in Form T-2
before the goods enter Delhi

and option to report within
48 hours is not available.

Requirements for the Transporter

The transporter is required to obtain a hard copy of the Form -T2

with or without the vehicle number and carry it in the vehicle with
the goods.

Where the vehicle number is reported in the next 48 hours the
transporter is required to take the copy of the revised Form -T2 and retain
it.

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